COVINGTON, Louisiana – Offshore Technical Compliance (OTC) has acquired Northwest Technical Solutions (NWTS), which it will re-name OTC Solutions.
The new wholly-owned subsidiary provides third-party verification of compliance for well control equipment.
OTC CEO Mike Bethea said the acquisition would allow his company to provide more offshore services with a smaller footprint and cost:
“Compliance inspection, predictive digital pressure testing through our GREENLIGHT software and third-party verification of compliance can be provided by our integrated team of inspectors and surveyors.
“On a deepwater project, these services typically require four or five people; now we will be able to provide these services with two or three,” he explained.
Doug Foster, vice president operations, NWTS, added: “We believe that together, our valuable new approach to compliance service delivery will reduce costs and improve service quality for all operators in the GoM and beyond.”